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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,

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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. The legacy automaker recently announced that its customers will benefit from the full $7,500 clean vehicles purchase incentive across its entire EV fleet lineup under a given MSRP cap.

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Daimler Trucks to Invest $194M in Detroit Diesel Engine Plant in US

Green Car Congress

Daimler Trucks North America (DTNA) will invest $194 million (approximately €157 million) in the Detroit Diesel engine production facility in Redford, Michigan to expand substantially the heavy-duty BlueTec diesel engine production capacity. These incentives include a Michigan Economic Growth Authority Award of $56.8

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10 Reasons Your Next Car Should Be an EV

Plug in America

This includes all of the resources used in manufacturing the vehicle, the battery, and powering the vehicle. manufacturing investment to the tune of $87 billion since late 2021. jobs associated with battery and EV manufacturing. Many EV models are eligible for up to $7,500 in income tax credits.

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Governor George Pataki Calls for 40% Penetration of Electric Drive Vehicles in US by End of Decade

Green Car Congress

Incentivize auto manufacturers, for example, by exempting the profits resulting from the sale of the first 10 million vehicles that deliver more than 75 mpg from any corporate taxes. ” Pataki suggested converting the tax credit to a rebate, for three years or for five. Pataki suggested some approaches: Autos.

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Ford C-MAX Energi plug-in hybrid heading to select US showrooms

Green Car Congress

Ford began production of the 2013 C-MAX Energi plug-in hybrid vehicle ( earlier post ) at Michigan Assembly in October, and the vehicles are heading for showrooms. Starting MSRP is $29,995 (after a federal tax credit). Overview of the C-MAX Energi plug-in hybrid. Click to enlarge. Earlier post.). Earlier post.).

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UMTRI Agent-Based Simulation Study Concludes US PHEV Annual Sales Could Reach 4-5% With Fleet Penetration of 2+% by 2020 If Subsidies Are in Place

Green Car Congress

The first character of the scenario represents the price of gasoline at simulation termination, the second represents “yes” or “no” on a manufacturer subsidy, and the third represents “yes” or “no”on a sales tax exemption. However, the trend toward purchasing more fuel efficient vehicles is not observed for PHEVs.

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